margie179
New Member

State Pension to IRA Penalty

I didn't stay with my last job long enough to be fully vested in the state pension plan (SC PEBA). As a result, I had one year to pull the money out or I would lose everything.

I rolled the money over into my IRA - which I was told would prevent any fees or penalties.

I've entered it all into Turbo Tax, but now it's telling me that I will have ongoing penalties until I repay what I took out. Did I enter it incorrectly? how do I fix this?